nsf fees

[bjswife]

What is the name of your state? Kentucky

I recently had 15 returned checks as a result of a direct deposit being posted a week late. I am in the process of picking up all the checks. I have contacted all the companies that the checks were written to, to inquire about having the nsf fees waived, but none were agreeable. My question is this, if I pay the amount of the check, do I also, by law, have to pay the fee?

[Happy Trails]

Originally Posted by bjswife

What is the name of your state? Kentucky

I recently had 15 returned checks as a result of a direct deposit being posted a week late. I am in the process of picking up all the checks. I have contacted all the companies that the checks were written to, to inquire about having the nsf fees waived, but none were agreeable. My question is this, if I pay the amount of the check, do I also, by law, have to pay the fee?

The state allows them to charge these fees. Be prepared to dish out $375.00 for your error.

[url]http://www.electronic-recovery.com/nsf_fees.htm[/url]

[DebHgn]

Originally Posted by bjswife

What is the name of your state? Kentucky

I recently had 15 returned checks as a result of a direct deposit being posted a week late. I am in the process of picking up all the checks. I have contacted all the companies that the checks were written to, to inquire about having the nsf fees waived, but none were agreeable. My question is this, if I pay the amount of the check, do I also, by law, have to pay the fee?

Fight it! People need to learn how to be nice instead of greedy!

[tabathadolley]

Fight it! People need to learn how to be nice instead of greedy!

Nice?? It's not about being nice. I imagine it costs these companies money to have the check returned with insufficient funds, and then they have to find you to collect that money.

[DebHgn]

Tab, Tab, Tab..... what can I say. Here you are posting your moral and financial support for bank fraud and then on another forum, asking if your employer can fire you for not getting your managers approval to take off to go to a truck race...

You are sumin' else I tell ya.

But thank you for keeping this topic on top!

[bjswife]

Thanks for the input. I guess I have to pay them, I wasn't trying to commit bank fraud, this whole "mistake" has cost me a couple thousand dollars and I was trying to save some money If possible. But I don't want to get myself into any trouble to do that.

[Happy Trails]

Originally Posted by bjswife

Thanks for the input. I guess I have to pay them, I wasn't trying to commit bank fraud, this whole "mistake" has cost me a couple thousand dollars and I was trying to save some money If possible. But I don't want to get myself into any trouble to do that.

I know that wasn't what you wanted to hear. Hopefully you can just chalk it up to a valuable lesson.

DebHGN wasn't saying you committed bank fraud. She is just disgruntled because she had a similiar situation.

Deb, the fact of the matter is the state allows these charges. Tab was saying that the businesses that get these checks returned for nsf, go through additional expenses to collect the money they are due.

P.S. Never worked at a bank. Only use their services.

[tabathadolley]

Tab, Tab, Tab..... what can I say. Here you are posting your moral and financial support for bank fraud and then on another forum, asking if your employer can fire you for not getting your managers approval to take off to go to a truck race...

You are sumin' else I tell ya.

But thank you for keeping this topic on top!

The name is Tabatha, not Tab.
What does my firing situation have anything to do with this topic?

[tabathadolley]

your employer can fire you for not getting your managers approval to take off to go to a truck race...

BTW, don't speak about things you can't get right. My employer gave me the tickets, my top manager told me I could go. So, in other words.. whatever.

[Who's Liable?]

Don't worry about DebHgn, she's mad because the bank didn't call her and inform her that her account was overdrawn...


OH MY GOD!!! My account has been overdrawn for 10 days and it's the banks responsibility to remind me!!! THOSE JERKS... SOB SOB SOB SOB... How can they do this to me?!?! I didn't bother to read ANY of their material when I joined, and now ALL my banking problems are their fault!!!



Thank you... Thank You... First of all I'd like to thank God for giving me this opporunity to be a victim today, and my parents, for encouraging me and telling me not to attend AA meetings because, um, AA is for quitters... Um, I'd also like to thank my girlfriend, for without her there would be no hank-panky... And last of all I would like to thank DebHgn for her true life story on being a victim, without her, no one would know that it's obviously the Banks responsibility to keep your financial matters in order... Thank you again, and good night!

[DebHgn]

Bill HR 5410 intrduced by Rep. Carolyn Maloney

Guess what it's called...get this. "The Consumer Banking Fairness Act" Imagine that!

Here are some highlights:

Credits Required to Be Posted Before Debits- Section 607 of the Expedited Funds Availability Act (12 U.S.C. 4006) is amended by inserting after subsection (f) (as added by subsection (b) of this section) the following new subsection:Order of Posting- In the process of posting credits and debits against a checking account used primarily for personal, family, or household purposes after the close of any business day, the receiving depository institution shall credit all deposits to the account before debiting any check drawn on the account and presented to the depository institution for payment.'

Reduction in Check Holds for Nonlocal Check Deposits- Section 603(b)(2) of the Expedited Funds Availability Act (12 U.S.C. 4002(b)(2)) is amended by striking `not more than 4 business days shall intervene between' and inserting `funds shall be made available on the 2nd business day after'.
Adjustment for Small Deposit Availability- Section 603(a)(2)(D) of of the Expedited Funds Availability Act (12 U.S.C. 4002(a)(2)(D)) is amended by striking `$100' and inserting `$500'.

Fees for Services not Requested- No depository institution may impose any fee for paying any check drawn on an account in spite of a lack of sufficient funds in the account to pay such check or any similar activity (commonly referred to as `bounce protection') unless the accountholder has affirmatively requested such service.'.

RECREDIT FOR ALL CONSUMERS UNLESS SUBSTITUTE CHECKS ARE PROVIDED WITHOUT COST UPON REQUEST.

You can read the entire Bill at:
[url]http://thomas.loc.gov/cgi-bin/query/z?c108:H.R.5410:[/url]

For those who weren't hard headed and dense, this is what I've been working hard on. I urge you to write your Congressional Representative to voice your support for HR 5410. For the hard headed and dense listed above, I don't know why you would, but I guess you can write your legislator and ask them to not support the bill. You are the people who want the banks to take 16 billion dollars and line their pockets with it and not have it circulating in the economy...

That kind of money taken from our economy and given to the banks, most likely will cost you (listed above) any raise this next year... there is some justice in the world....

I've at bankfees.info there are links to Congress to assist in contacting your legislator. Let's get busy and get this thing passed!

[Veronica1228]

To the OP:

My question to you is, why was your direct deposit late? Was it your employers fault? Their bank? Your bank? If it was your fault, i.e. you misunderstood when you would be receiving your deposit, then there is not much you can do. If it was someone else's fault there may be something you can do. Please let me know.

[DebHgn]

Veronica, you don't have a clue, so stop asking her questions. Are you just a Lawyer wannbe or terrorist?

[Happy Trails]

Originally Posted by DebHgn

Bill HR 5410 intrduced by Rep. Carolyn Maloney

Guess what it's called...get this. "The Consumer Banking Fairness Act" Imagine that!

Here are some highlights:

Credits Required to Be Posted Before Debits- Section 607 of the Expedited Funds Availability Act (12 U.S.C. 4006) is amended by inserting after subsection (f) (as added by subsection (b) of this section) the following new subsection:Order of Posting- In the process of posting credits and debits against a checking account used primarily for personal, family, or household purposes after the close of any business day, the receiving depository institution shall credit all deposits to the account before debiting any check drawn on the account and presented to the depository institution for payment.'

Reduction in Check Holds for Nonlocal Check Deposits- Section 603(b)(2) of the Expedited Funds Availability Act (12 U.S.C. 4002(b)(2)) is amended by striking `not more than 4 business days shall intervene between' and inserting `funds shall be made available on the 2nd business day after'.
Adjustment for Small Deposit Availability- Section 603(a)(2)(D) of of the Expedited Funds Availability Act (12 U.S.C. 4002(a)(2)(D)) is amended by striking `$100' and inserting `$500'.

Fees for Services not Requested- No depository institution may impose any fee for paying any check drawn on an account in spite of a lack of sufficient funds in the account to pay such check or any similar activity (commonly referred to as `bounce protection') unless the accountholder has affirmatively requested such service.'. **Nowhere in the OP's post does she state that the bank imposed fees for her NSF checks. Fact is they didn't honor her checks. This does not apply to her. She didn't have 'bounce protection' YOU DID.

RECREDIT FOR ALL CONSUMERS UNLESS SUBSTITUTE CHECKS ARE PROVIDED WITHOUT COST UPON REQUEST.

You can read the entire Bill at:
[url]http://thomas.loc.gov/cgi-bin/query/z?c108:H.R.5410:[/url]

For those who weren't hard headed and dense, this is what I've been working hard on. I urge you to write your Congressional Representative to voice your support for HR 5410. For the hard headed and dense listed above, I don't know why you would, but I guess you can write your legislator and ask them to not support the bill. You are the people who want the banks to take 16 billion dollars and line their pockets with it and not have it circulating in the economy... **Too funny. It's just a bill, an ordinary bill, sitting there on capital hill...... Since this is a legal site, what did you want the 'hard headed and dense' people to tell her? (Non-legal advice? Or hang in there honey, congress may pass this bill into law.)

That kind of money taken from our economy and given to the banks, most likely will cost you (listed above) any raise this next year... there is some justice in the world....

I've at bankfees.info there are links to Congress to assist in contacting your legislator. Let's get busy and get this thing passed!**Again, this site is for 'legal advice', not a site where one solicits others to jump on THEIR 'band wagon', (because they didn't realize what services they had agreed to).

Deb, you should not use a banking institute, until you know exactly what you are signing and agreeing to.

Originally Posted by DebHgn

Veronica, you don't have a clue, so stop asking her questions. Are you just a Lawyer wannbe or terrorist?

Your comments to Veronica are totally inappropriate. What's a 'wannbe'?

[Veronica1228]

Originally Posted by DebHgn

Veronica, you don't have a clue, so stop asking her questions. Are you just a Lawyer wannbe or terrorist?

I don't have a clue? First of all, I wasn't talking to you. Second of all, I am asking the OP a legitimate question so that I can possibly help them. All you have done on this thread is continue your sanctimonious tirades and superfluous arguments that help no one.

BTW, as you already know, I am not a lawyer, I am a banker. A law abiding, check balancing, adding, subtacting, intelligent, educated, non-trailer trash, banker who gets laid often enough to not be a bitter shrew. Too bad you can't say the same things.